Notice regarding Proposed Merger of TDK Subsidiary

    [Translation]

                                                              December 25, 2003

                                                                TDK Corporation

                                                              1-13-1,Nihonbashi

                                                                 Chuo-ku, Tokyo

                                                                 103-8272 Japan

                                                 Corporate Communications Dept.

                                                              Corporate Officer

                                                                General Manager

                                                             Michinori Katayama

                                                        Tel No.:81(3) 5201-7102

              Notice regarding Proposed Merger of TDK Subsidiary               

TDK Corporation (the "Company") hereby announces that at the meeting of the
Board of Directors held today, the Company reached a basic agreement and
adopted a resolution that TDK Logistics Corporation, the Company's wholly owned
subsidiary, and Alps Logistics Co., Ltd. merge subject to completion of
procedures required by the relevant authorities, such as an acquisition of
approvals, etc., and the Company will hereafter take concrete measures.

1. Name, location and representative of TDK Logistics Corporation and Alps
Logistics Co., Ltd., respectively:

                                                          As of March 31,2003

Trade Name:             TDK Logistics Corporation   Alps Logistics Co., Ltd.   
                                                                               
Location of Head        493-1, Nakahara, Kamihongo, 1756 Nippa-cho, Kohoku-ku, 
Office:                 Aza, Matsudo-shi, Chiba     Yokohama-shi, Kanagawa     
                        Prefecture                  Prefecture                 
                                                                               
Representative:         Tsuneichiro Saito           Youichi Yasuma             
                                                                               
                        Representative Director     President & Representative 
                                                    Director                   
                                                                               
Capital Stock:                855 million yen            1,494 million yen     
                                                                               
Incorporation:                 July 7, 1981                July 2, 1964        
                                                                               
Principal Business:     Total logistics service of  Total logistics service of 
                        electronic components, etc. electronic components, etc.
                                                                               
Number of Employees:                242                        1,919           
                                                                               
Share Holding Ratio:    TDK Corporation: 100%       Alps Electric Co., Ltd.:   
                                                    50.6%                      
       *As of September                                                        
                30,2003                             Japan Trustee Services     
                                                                               
                                                    Bank, Ltd.: 8.9%           
                                                                               
                                                    The Master Trust           
                                                                               
                                                    Bank of Japan, Ltd.: 8.6%  
                                                                               
                                                    Alpine Electronics, Inc.:  
                                                    2.4%                       
                                                                               
                                                    Alps Logistics Co., Ltd.   
                                                                               
                                                    Corporate Shareholding     
                                                                               
                                                    Association: 1.6%          

2. Purpose (Reason) and Schedule of Merger:

· To comply with globalization, streamlining of logistics and supply chain
management ("SCM")

· Scheduled for October 2004

3. Method of Merger and Merger Ratio:

The Merger Ratio will be hereafter determined upon negotiations and discussions
between both companies

4. Conditions after Merger:

Both companies will merger on an equal basis; provided however, that Alps
Logistics Co., Ltd. will become the surviving company for the purpose of legal
proceedings.

5. Future Prospect (for business results):

Any financial impact arising from the merger on each of the consolidated net
sales and net income is negligible.

                                                                        - End -



END